I Know Everything - Chapter 638
Chapter 638: Investment Fund.
People would rejoice at their success but a lot of people would feel that they weren’t successful enough.
For example, Mama Xu suddenly said, “If I knew Yongxing Supermarkets would have developed so well, we would have invested more into it.”
The eight families invested only 1.3 billion Yuan and Li Miao and Di Xiaoling invested the most with 200 million each with the other investing 150 million each.
The youngest Zhou Peipei and Xie Yanqu’s families also invested 200 million when they joined in at the end.
Although the difference between 150 million and 200 million wasn’t that big, it was still enough to make them feel regret.
But there was no pill for regret in this world.
“Little Huan, can we increase our investment in the future when we raise funds to expand?” Even Mama Gu couldn’t help but ask.
“The Zhang Family had money to begin with and they wouldn’t allow something like that to happen again; secondly, Yongxing Supermarkets will certainly develop steadily in the future and wouldn’t blindly expand, let alone borrow money so they could expand.” Chen Huan said with an open hand shrug, “So you guys don’t need to hope on that. This is just an investment and the Zhang Family is in control of everything, the employees, lands, distributors etc… it’s all theirs.”
“They shouldn’t kick us out, right?” Papa Xie asked worriedly.
“Of course not.” Chen Huan shook his head, “Zhang Duocai is an upstanding man and isn’t some that would double-cross people. Besides, the contract is signed and he has no way to drive us out.”
“What a relief.” Everyone let out a sigh of relief.
“That’s how it is, let’s just treat it as a normal investment.” Papa Zhou said, “We should be happy to earn so much with just one investment.”
“Right.” Everyone agreed.
Just as Chen Huan thought they had no further inquiries, Papa An spoke up, “Little Huan ,we heard that you’re investing in a movie in Hollywood, right?”
“Yes!” Chen Huan replied.
This wasn’t a secret.
Todd Phillips began to advertise it after he received Chen Huan’s investment.
Especially ‘Joker’ had entered a serious stage after the project was approved by Warner.
Todd already chose his actors.
Except the starting role that remained with Joaquin Phoenix, the role that should’ve gone to Robert De Niro was actually taken by Nicholson and he asked for very little money.
This made Chen Huan feel a bit guilty.
Then he specially called him to thank him, Nicholson said, “I want to thank your contribution to the Lakers as a Lakers fan and if you really want to pay me back, come back to the Lakers! At that time, I’ll star for free for any drama you invest into.”
Money was no longer as useful for Nicholson at his age and he also had plenty.
So Chen Huan could only say sorry for not being able to realize his wish.
With Joaquin Phoenix and Jack Nicholson joining the cast as well as the 50 million budget, ‘Joker’ was no longer a small time project.
According to Todd, the team would start filming as soon as July.
This also reminded him that he also needed to pay 20 million more.
Papa An said after hearing Chen Huan’s words, “We held some meetings recently and discussed something so we would like Little Huan to give us your opinion to see if it’ll work.”
Papa An stopped and let Mama Gu’s soft voice takeover, “We know you have a lot of genius plans and there are many things you want to invest in so we shamelessly want to join in. Us ten families came together to create an investment fund so when you invest in something next, maybe you can let us join too? You can use this money as you like.”
Chen Huan speechless for a bit.
After some thought, he asked, “Aunty…Are you saying that you want me to manage that investment fund and invest for you?”
“Exactly.” Mama Xu replied, “As long as you think it’s a good investment, you can invest…We won’t blame you if it fail and you get 10% of the profit when successful.”
“You guys really put your trust in me.” Chen Huan had a wry smile.
“We’ll be a family in the future, of course!” Papa Long said boldly.
“Do you agree?” Papa Zhou wanted to confirm since he saw Chen Huan wasn’t saying anything.
“How much is in the fund?” Chen Huan asked.
“Not much, each of us from the ten families contributed 20 million Yuan for a total of 200 million Yuan.” Papa Xie said, “We can invest more if you think there isn’t enough.”
Chen Huan gave a nod and said, “You guys actually don’t have to come to me and can just invest it yourselves. For example, Habao Entertainment is worth a look.”
“Habao Entertainment!?” Mama Xu was shocked, “They are already the laughing stock of the whole country, do you think they can recover, Little Huan?”
“No way… They keep failing their project one after another and have not shown any hint of a comeback.” Papa Lei also said.
“I don’t know the market value of Habao Entertainment right now or how they operate.” Chen Huan patiently explained to them, “But Habao Entertainment carried Yang Feng’s dream and he has been embarrassed greatly now so he definitely give his best to make this a success in order to fulfill his dream and restore his reputation. I believe in Yang Feng’s genius and he will be successful as long as he wants it enough.”
They all looked at each other.
They didn’t know much about the entertainment industry but they knew that Habao Entertainment was like the streets’ rat.
This was a broken company where their shares dropped below the price of when they just started so received many people’s insults.
But Chen Huan believed that it would be successful in the end!?
They thought that Yang Feng was probably not enough even with his genius, right?
After all, he wasn’t someone who made himself in the entertainment company.
“Ahem.” Mama Di coughed lightly, “See, that’s why we’re asking you! We don’t dare to make investments like that and are destined to not make money from investment so we can only rely on Little Huan!”
They all nodded.
Chen Huan could feel their trust in him when they clearly didn’t believe in Habao Entertainment but still agreed to invest in it due to his opinion.
200 million wasn’t a big number for the current Chen Huan.
He wouldn’t feel any pressure with that amount of money under his care.
As for whether Chen Huan could make them money, it wasn’t a problem.
A transmigrator who couldn’t earn money, what was the point of it then!?
Moreover, the benefit they offered wasn’t bad.
For a trader to get 10% of the profit without any responsibility for the loss was indeed very generous.
Chen Huan made his decision after he thought of their daughters.
However, he still had something to say, “If you want my help for investment, first of all, I can’t guarantee how much I will invest or how much I’ll make for you in a year…Can uncles and aunties understand this point?”
“Of course!” Papa An immediately said, “We felt that you would definitely make us more than what we would have by putting in the bank so we are not expecting anything crazy.”
“While I’m holding onto the money, do I set aside the profit every time there is profit so everyone can get their shares or do we continue to invest with the profits?” Chen Huan asked.
“It depends on the situation.” Papa Lei said on everyone’s behalf, “We can take out a bit if there’s a lot, otherwise we keep investing.”
Chen Huan nodded and said, “Since I manage it, since I’m in charge of everything, you guys can’t interfere with my decisions such as coming to me when there’s a temporary loss or the market is bad, let alone pressuring me to do something… Can you agree to that?”
“Of course!” Mama Xu exclaimed, “Don’t worry, you’re worth more than 200 million in our mind and are practically our kid!”
“Then I have no problem with it.” Chen Huan said with a smile, “I’ll take on the fund and bring you good returns!”
Those wealthy people laughed when Chen Huan accepted it.
Did they care about their 20 million?
Of course not!
They actually didn’t need to earn money even if Chen Huan already helped them into Yongxing Supermarkets that would become a big business and earn back several folds.
Their families had an estimated wealth of three to four billion Yuan to begin with and they could earn some money every year, which was already enough.
Money and profit weren’t the most important things for them.
What they valued was their connection to Chen Huan.
They used the 200 million to build a better relationship with Chen Huan.
Couldn’t they ask Chen Huan for help if they had troubles in their business in the future as long as they worked together?
Not to mention that relationship would also make it easier for their daughter to build a relationship with him.
Mama Xu also said something they thought.
Chen Huan was already their son-in-law in their mind. Helping their daughters with him through this business connection was worth much more than the profit from it!
This was the most important point for the investment fund!
Poor Chen Huan didn’t think that deeply and just thought they wanted to make money through him.
As the saying goes, the older ginger is best.
This applied to everywhere!